Bitcoin is still taking stock of the ETF launch, analysts conclude, with BTC price lacking a convincing trend.
Bitcoin (BTC) edged closer to $42,000 into the Jan. 21 weekly close with time almost up on a grim week for bulls.
Data from Cointelegraph Markets Pro and TradingView showed BTC price action stabilizing above $41,000 over the weekend. The pair had previously dipped to $40,270 on Bitstamp — its lowest since Dec. 11.
While not delivering major downside, Bitcoin offered little hope to those seeking new highs, with market participants looking ahead to the weekly close and return of Wall Street trading.
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Source: https://cointelegraph.com/news/btc-price-recovers-40-3-k-lows-bitcoin-volumes